This thread goes back to 2012, and the original poster never made any other posts than these.
I assume this old post was resurrected out of curiosity about the original question.
Exhaust is only one source of noise, once you quiet that, you start to hear the other sources.
In rough order of importance and solutions:
1) Exhaust from exit, fix leaks, longer more efficient muffler, new fiberglass packing in muffler, take off from center of the resonant chamber
2) Exhaust from pipe chamber walls, thicker or double wall (ideally with absorbent packing) resonant chamber
3) Intake noise, better filter and cover design (thicker, more absorbent materials)
4) Gear noise, gear cover sound deadening (rubber or silicon padding), thicker tacky grease
5) Cylinder noise, silicon dampers between fins, shrouding (cor-plast), tighter piston clearance
6) Chain/sprocket noises, plastic chain guards
Quiet makes the ride less tiresome, draws less public (and John Law!) ire, allows you to ride more places and lets you hear problems (detonation, mechanical) before they get worse.